Friday, April 21, 2017

Bebe Stores to close all stores, becoming latest retail casualty

Women's clothing retailer Bebe Stores said Friday that it would close
all of its locations after a string of losses, becoming the latest
casualty in the retail sector as the fallout from online competition and
shifting fashion preferences spreads.

The company said in a
Securities and Exchange Commission filing that it had signed a deal with
liquidator Tiger Capital Group to sell all of its remaining inventory.
The retailer expects to close all of its stores by the end of May 2017.. . . more